Wealth Management
Top stories summarized by our editors
8/21/2017

Equity hedge funds have enjoyed the best start to a year since 2009, gaining an average 7%, according to Goldman Sachs, whose analysts say managers appear to be making relatively safe bets on proven stocks. However, the sector continues to underperform the Standard & Poor's 500 index, which has gained 12%.

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Business Insider, CNBC
8/21/2017

Hedge funds had a strong performance in July, gaining 1.15%, according to Preqin data. Equity strategies and emerging-market funds led the rally, while commodity trading advisers recovered from a negative result in June.

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hedge funds, Preqin, Preqin
8/21/2017

Short positions on the US dollar declined to $8.84 billion last week from $10.23 billion the week before, according to the Commodity Futures Trading Commission. The development ends seven weeks of increased negative bets, with investors also showing a trend toward pulling out of long positions on the euro and the Canadian dollar.

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Reuters
8/21/2017

Wall Street has made billions of dollars helping pension funds and other asset holders loan shares to back bets by hedge funds. Stock owners aim to gain a larger piece of the business, but banks likely will do what they can to retain the lucrative operation, Tom Buerkle writes.

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Nasdaq
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hedge funds
8/21/2017

The FAQ published by the Labor Department about implementation of the fiduciary rule has the effect of shifting some compliance burdens to plan sponsors, a fact that lawyers looking for way to sue plans may take advantage of, retirement industry experts say. "We think that the movement of enforcement from [the Labor Department] to plaintiffs' attorneys is not optimal for participants or the industry," said Charlie Nelson, Voya Financial CEO for retirement.

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Labor Department, Charlie Nelson
8/21/2017

A study by the Center for Retirement Research at Boston College found that the average US woman now will spend less than half of her adult life as part of a married couple. This "has significant implications for financial planning," the study's authors note.

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BenefitsPro
8/21/2017

The Labor Department is looking for individuals to give it advice on retirement issues by serving on its Employee Retirement Income Security Act Advisory Council, with nominations due by Aug. 31. The department is seeking one person from each of the following specialized areas: employers, employee organizations, investment management, corporate trusts and the general public.

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Labor Department
8/21/2017

Technological developments in the field of automated marketing and content delivery can provide a powerful boost to advisors seeking to increase their client base without adding to their workload, writes Pete Muckley of Trust Company of America. He offers five key points to embrace as advisors implement the latest innovations.

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Trust Company of America
8/21/2017

It can be problematic to form friendships with your employees, as these relationships may lead to favoritism and can complicate the difficult decisions that come with leadership.

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Entrepreneur online
8/21/2017

The heavy burden of student-loan debt and lack of financial education are two major issues facing millennials as they try to prepare for a retirement that is likely to differ radically from what previous generations experienced, according to authors Douglas and Heather Boneparth. They offer pointers to help millennials tackle these issues and work toward a secure retirement.

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MarketWatch
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Douglas